<\/p>\n
Ethereum\u2019s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week.<\/p>\n
According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products.<\/p>\n
The latest edition of the European asset manager weekly report<\/a> revealed that digital asset investment products experienced inflows for the third consecutive week, amounting to a total of $1.2 billion.<\/p>\n This surge is likely driven by expectations of a dovish monetary policy in the US and the resulting positive price momentum. As a result, total assets under management (AuM) increased by 6.2% over the past week. The sentiment was further catapulted by the approval of options for certain US-based investment products.<\/p>\n However, despite these positive developments, trading volumes did not reflect the same growth and instead suffered a slight decline of 3.1% week-on-week.<\/p>\n Bitcoin attracted $1 billion in weekly inflows, which also encouraged $8.8 million worth of inflows into short-BTC investment products. Solana, on the other hand, witnessed $4.8 million in outflows.<\/p>\n Coinshares also noted that sentiment was divided among altcoins, with Litecoin and XRP receiving inflows of $2 million and $0.8 million over the past week. During the same period, Chainlink and Cardano settled with $0.4 million and $0.1 million in inflows, respectively.\u00a0Meanwhile, BNB recorded outflows of $1.2 million.<\/p>\n Regional sentiment was mixed, as the US attracted $1.2 billion in inflows, and Switzerland followed with $84 million, its highest since mid-2022. Canada and Australia also witnessed minor weekly inflows of $1 million and $0.6 million, respectively.<\/p>\n In contrast, Germany and Brazil posted outflows of $21 million and $3 million. A similar trend was seen across Sweden and Hong Kong which reported $2.5 million and $1 million in outflows over the past week.<\/p>\n
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